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Anika posts 1Q profit

BEDFORD, Mass. (AP) _ Anika Therapeutics Inc. (ANIK) on Wednesday reported first-quarter net income of $5.5 million.

The Bedford, Massachusetts-based company said it had net income of 37 cents per share.

The medical technology company posted revenue of $23.4 million in the period.

Anika shares have declined roughly 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.11, an increase of 3 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANIK at https://www.zacks.com/ap/ANIK

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